NEW YORK, May 26, 2017 /PRNewswire/ --
OPEC delegates on Thursday, May 25 th, 2017, decided to extend cuts in oil output by
nine months to March 2018, as it continues to battle a global glut of crude. This morning,
Stock-Callers.com draws investors' attention back to select equities in the Independent Oil and Gas space to see how current oil
conditions have influenced their most recent performances: Occidental Petroleum Corp. (NYSE: OXY), Parsley Energy Inc. (NYSE:
PE), Range Resources Corp. (NYSE: RRC), and SM Energy Co. (NYSE: SM). Learn more about these stocks by downloading their free
research reports in PDF format at:
http://stock-callers.com/registration
Occidental Petroleum
On Thursday, shares in Houston, Texas headquartered Occidental Petroleum Corp. recorded a
trading volume of 4.69 million shares. The stock ended the day at $60.71, declining 0.74% from the
last trading session. The Company's shares are trading below their 50-day moving average by 2.55%. Furthermore, shares of
Occidental Petroleum, which engages in the acquisition, exploration, and development of oil and gas properties in the US and
internationally, have a Relative Strength Index (RSI) of 46.78.
On May 10 th, 2017, research firm JP Morgan upgraded the Company's stock rating from
'Underweight' to 'Neutral'.
On May 11 th, 2017, Occidental Petroleum said that its Board of Directors has
declared a regular quarterly dividend of $.76 per share on common stock, payable on July 14 th, 2017, to stockholders of record as of June 09
th, 2017. The Company has paid quarterly dividends continuously since 1975 and has increased its dividend each year
since 2002. The current annual rate is $3.04 per share. Sign up and read the free research report
on OXY at:
http://stock-callers.com/registration/?symbol=OXY
Parsley Energy
Austin, Texas headquartered Parsley Energy Inc.'s stock saw a decline of 1.10%, finishing
yesterday's session at $30.64 with a total trading volume of 4.31 million shares. The Company's
shares have gained 1.90% in the last month and 3.90% over the previous three months. The stock is trading below its 50-day moving
average by 1.33%. Additionally, shares of Parsley Energy, which engages in the acquisition, development, production, exploration,
and sale of crude oil and natural gas properties in the Permian Basin in West Texas and
Southeastern New Mexico, have an RSI of 45.79.
On May 15 th, 2017, Parsley Energy announced that it will participate in the BMO
Capital Markets Global Energy Leadership Forum, which will be held on May 31 st, 2017,
through June 01 st, 2017 in Pinehurst, NC. The
complimentary research report on PE can be downloaded at:
http://stock-callers.com/registration/?symbol=PE
Range Resources
Shares in Fort Worth, Texas headquartered Range Resources Corp. ended the session 1.45% lower
at $23.79. The stock recorded a trading volume of 5.30 million shares, which was above its three
months average volume of 5.15 million shares. The Company's shares are trading 12.38% below their 50-day moving average.
Moreover, shares of Range Resources, which operates as an independent natural gas, natural gas liquids, and oil company, have an
RSI of 31.31.
On April 28 th, 2017, research firm Wells Fargo upgraded the Company's stock rating
from 'Market Perform' to 'Outperform'. Register for free on Stock-Callers.com and access the latest report on RRC at:
http://stock-callers.com/registration/?symbol=RRC
SM Energy
At the closing bell on Thursday, Denver, Colorado headquartered SM Energy Co.'s stock dropped
5.23%, finishing at $19.40. A total volume of 4.33 million shares was traded, which was above their
three months average volume of 3.50 million shares. The Company's shares are trading 12.00% below their 50-day moving average.
Additionally, shares of SM Energy, which engages in the acquisition, exploration, development, and production of crude oil and
condensate, natural gas, and natural gas liquids in onshore North America, have an RSI of
34.61.
On May 11 th, 2017, research firm Bank of America/ Merrill downgraded the Company's
stock rating from 'Buy' to 'Neutral'.
On May 16 th, 2017, SM Energy announced that it has postponed indefinitely the
planned sale of its Divide County, North Dakota assets, as valuations in the sales process did
not reach the Company's threshold to meaningfully reduce its leverage. The Company is revising its 2017 guidance and
three-year plan metrics to be consistent with this change. Get free access to your research report on SM at:
http://stock-callers.com/registration/?symbol=SM
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